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Mumias Sugar huge demand
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Njung'e wrote:penalties as contained in a skewed power purchase agreement. total f*uckup!!!.......bill is about 1b. Very interesting. So, we should be ready for the auction, i.e. Mumias can't survive all this debts and penalties. #UkweliUsemwe For how long has Mumias been producing and selling power to KenGen? Why would you sell power to KenGen, that re-sells to KPLC, then again you buy back from KPLC?   Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 7/24/2010 Posts: 237 Location: nairobi
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dunkang wrote:Njung'e wrote:penalties as contained in a skewed power purchase agreement. total f*uckup!!!.......bill is about 1b. Very interesting. So, we should be ready for the auction, i.e. Mumias can't survive all this debts and penalties. #UkweliUsemwe For how long has Mumias been producing and selling power to KenGen? Why would you sell power to KenGen, that re-sells to KPLC, then again you buy back from KPLC? Things are that bad, i thought mumias was selling excess power to kplc.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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innovator wrote:dunkang wrote:Njung'e wrote:penalties as contained in a skewed power purchase agreement. total f*uckup!!!.......bill is about 1b. Very interesting. So, we should be ready for the auction, i.e. Mumias can't survive all this debts and penalties. #UkweliUsemwe For how long has Mumias been producing and selling power to KenGen? Why would you sell power to KenGen, that re-sells to KPLC, then again you buy back from KPLC? Things are that bad, i thought mumias was selling excess power to kplc. Kenya Power killed Panpaper, now it should appoint a receiver to take over Mumias!!!!
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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Almighty, just help the driver of this Mumias Bus to find the way to the Sugar plantations and not the water in Lake Victoria or else the sugar will dissolve.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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I wonder how the market will react to the news "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Tall Order wrote:Almighty, just help the driver of this Mumias Bus to find the way to the Sugar plantations and not the water in Lake Victoria or else the sugar will dissolve. Hate speak! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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And the share was just starting to pickup. Who the f**** is working to grab MSC through the back door
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Rank: Elder Joined: 7/21/2010 Posts: 6,186 Location: nairobi
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Being broke even in our lives starts when you can pay stima in your house. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 3/14/2012 Posts: 577 Location: Nairobi Kenya
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This one needs popcorn and a couch Before I die - i will touch the sky!!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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streetwise wrote:And the share was just starting to pickup. Who the f**** is working to grab MSC through the back door Wacha Kuji-console. MSC is DEAD. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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dunkang wrote:streetwise wrote:And the share was just starting to pickup. Who the f**** is working to grab MSC through the back door Wacha Kuji-console. MSC is DEAD. Predicted long time ago --http://www.wazua.co.ke/forum.aspx?g=posts&m=307724 Post #3, 5, 10 Here --http://m.wazua.co.ke/forum.aspx?g=posts&t=24374 Read post #121 for entertainment http://www.wazua.co.ke/f...spx?g=posts&m=103811"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/21/2010 Posts: 6,186 Location: nairobi
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This is an early clear sign that mumias needs a bailout quickly than you think.No company can allow power cut if its able to afford the bill.without stima no production and workers will demand full salary. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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mlennyma wrote:This is an early clear sign that mumias needs a bailout quickly than you think.No company can allow power cut if its able to afford the bill.without stima no production and workers will demand full salary. Tough: mumias-plummeting-stock-worries-shareholdersNEGATIVITY continues
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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kp restores power. Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Njung'e wrote:kp restores power. This company needs a serious overhaul, with clear objectives in place. @Mawinder looks like you are now alone http://www.businessdaily.../-/14n3h1bz/-/index.html"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 2/18/2011 Posts: 448
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remember that spike in price back to ksh 4.30 range on extension of comesa safeguard by one year? While 'wanjiku' rushed in on lopsided advise whales were exiting. http://www.businessdaily.../-/14n3h1bz/-/index.html
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Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks
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Unless the govt bails this co.or a strategic investor comes in.Its only a matter of time before this company goes belly up ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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tkzee wrote:Unless the govt bails this co.or a strategic investor comes in.Its only a matter of time before this company goes belly up
Can't the renegotiated loan repayment schedules offer some lifeline?
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Rank: Member Joined: 1/2/2008 Posts: 268 Location: Nairobi
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With all the bad news in the air, the price is unmoved much. It is still. This thing could be DEAD! or is it unconscious?
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Rank: Chief Joined: 1/3/2007 Posts: 18,155 Location: Nairobi
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streetwise wrote:And the share was just starting to pickup. Who the f**** is working to grab MSC through the back door Why don't you buy the shares instead of accusing others of 'grabbing'? The shares are traded publicly so if you buy them you can easily get 25% of the firm. You may have to pay more than 2.50 to get to 25% but you can. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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